covenant

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Related to covenantor: covenantee

covenant

a constraint placed by local government authority upon the use of land or buildings. Applies to such matters as size of lots, use to which land can be put, amount of land that can be covered by a building.
References in periodicals archive ?
covenantor shall die during the period of such restrictions provided that
Bell, (109) one of the few recent cases to discuss liability after transfer of land burdened by a real covenant, applies traditional real covenant law as advanced by the Restatement of Property hold that, after conveying the affected land, even the original covenantor was not liable on a covenant to pay a proportionate share of paving costs.
This latter scenario considers the probability of the covenantor competing, along with the potential financial impact on the business from competition.